Equinox Gold Corp. (NYSEAMERICAN:EQX - Get Free Report)'s stock price gapped down before the market opened on Monday . The stock had previously closed at $6.00, but opened at $5.74. Equinox Gold shares last traded at $5.81, with a volume of 587,362 shares.
Analyst Upgrades and Downgrades
Several research firms have weighed in on EQX. Desjardins raised Equinox Gold from a "hold" rating to a "buy" rating in a research report on Tuesday, January 30th. National Bank Financial reaffirmed a "sector perform spec overwgt" rating on shares of Equinox Gold in a research report on Monday, April 8th.
Get Our Latest Stock Report on EQX
Equinox Gold Stock Performance
The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 62.94 and a beta of 1.31. The company has a quick ratio of 0.88, a current ratio of 1.74 and a debt-to-equity ratio of 0.32.
Equinox Gold (NYSEAMERICAN:EQX - Get Free Report) last issued its earnings results on Wednesday, February 21st. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.03. Equinox Gold had a return on equity of 0.69% and a net margin of 2.65%. The company had revenue of $297.80 million during the quarter. Sell-side analysts forecast that Equinox Gold Corp. will post 0.12 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in EQX. SG Americas Securities LLC lifted its position in shares of Equinox Gold by 13.5% during the 3rd quarter. SG Americas Securities LLC now owns 124,545 shares of the company's stock worth $527,000 after buying an additional 14,770 shares during the last quarter. Counterpoint Mutual Funds LLC bought a new position in Equinox Gold in the third quarter valued at about $84,000. Builder Investment Group Inc. ADV raised its position in Equinox Gold by 0.8% in the third quarter. Builder Investment Group Inc. ADV now owns 945,475 shares of the company's stock valued at $3,999,000 after purchasing an additional 7,600 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in Equinox Gold by 6.7% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 95,430 shares of the company's stock valued at $404,000 after purchasing an additional 6,021 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Equinox Gold by 24.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 71,169 shares of the company's stock valued at $301,000 after purchasing an additional 14,049 shares during the last quarter. 38.85% of the stock is owned by institutional investors and hedge funds.
Equinox Gold Company Profile
(
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Equinox Gold Corp. engages in the exploration, acquisition, development, and operation of mineral properties in the Americas. It explores gold and silver deposits. It holds interest in properties in California located in the United States; Guerrero State located in Mexico; Maranhão, Bahia, and Mina Gerais state located in Brazil; and Ontario, Canada.
Further Reading
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